After moving back up to the highest levels in more than 4 years yesterday, mortgage rates fell slightly today. Pessimists/realists would rightfully point out that today's rates are still pretty close to those 4-year highs, and that one measly day isn't much of a foundation for hope. Optimists could counter that yesterday's high rates merely MATCHED the recent highs from last week and that the past 2 weeks overall have seen the most sideways stability in 2018. Long story short, rates are high relative to anything seen since early 2014, but there also continues to be a chance that they'll try to avoid going much higher in the short term. NOTE : a "chance" means strictly that. We're not talking about probabilities here. The average lender continues quoting conventional 30yr fixed rates of 4.5

February 28, 2018 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Avoid Setting Another High After moving back up to the highest levels in more than 4 years yesterday, mortgage rates fell slightly today. Pessimists/realists would rightfully point out that today's rates are still pretty close to those 4-year highs, and that one measly day isn... (read more) MBS Commentary MBS Live Recap: Moderate Gains Keep Hope Alive For a Rate Ceiling 2.90% or something close to it continues to look like the center of a range of yields that might like to... think about... maybe... potentially... trying... to act as a ceiling for rates.  After bouncing at 2.92% yesterday, yields continued lowe... (read more) Housing News Homeownership's Price Tag Rising as Rents Moderate Taken together, two recent posts in the CoreLogic Insights blog may indicate that, after several years of being a close trade-off or even more affordable than renting, buying a home might be losing any advantage. Shu Chen writes that the growth in re... (read more) Housing News Pending Home Sales Plunge to Three-Year Lows Pending home sales took a deep dive in January, falling to their lowest level in over three years . The National Association of Realtors® (NAR) said its Pending Home Sales Index (PHSI), a forward-looking indicator of existing home sales, fell 4.7... (read more) Rob Chrisman Ocwen-PHH; Changes to Fees, Pricing, and Lock Policies As an industry we don’t want headlines about the Department of Housing and Urban Development (HUD) spending $31,000 on a dining set spending $31,000 on a dining set for Ben Carson. But we have them. Especially when over 33,000 Texans are still ... (read more) Housing News Exploring a Trio of Risks and Outcomes A recent Freddie Mac Insights article looks back at earlier incidences of rising rate environments, and how the higher rates affected several populations including borrowers, mortgage lenders, homeowners, real estate agents, and home builders. MND su... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.78% +0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.78% +0.01 0.00 15 Yr. Fixed 6.04% +0.01 0.00 30 Yr. FHA 6.36% +0.01 0.00 30 Yr. Jumbo 6.90% 0.00 0.00 7/6 SOFR ARM 6.25% 0.00 0.00 30 Yr. VA 6.38% +0.02 0.00 Updates Daily - Last Update: 7/23 15 Yr. Fixed Rate 6.04% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.75% +0.03 0.00 15 Yr. Fixed 5.92% +0.06 0.00 Updates Weekly - Last Update: 7/17 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.84% +0.02 0.62 15 Yr. Fixed 6.14% +0.03 0.69 30 Yr. Jumbo 6.75% -0.06 0.70 Updates Weekly - Last Update: 7/23 MBS / Treasuries UMBS 30YR 5.5 99.37 -0.14 Price / Yield Change MBS UMBS 5.5 99.37 -0.14 UMBS 6.0 101.31 -0.08 GNMA 5.5 99.63 -0.15 GNMA 6.0 101.27 -0.06 Pricing as of: 7/23 7:55PM EST 10 Year US Treasury 4.3837 +0.0377 Price / Yield Change US Treasury 2 YR Treasury 3.878 +0.049 5 YR Treasury 3.930 +0.045 7 YR Treasury 4.144 +0.045 10 YR Treasury 4.384 +0.038 30 YR Treasury 4.939 +0.023 Pricing as of: 7/23 7:55PM EST Latest Video Santelli Exchange: Important 'twin peaks' in Europe Santelli Exchange: The relationship between rates, equities & high-yield Pending home sales fall to more than 3-year low Around the Web Bloomberg Rates Driven by Household Formation for Next Decade, Says Smead NAR - Realtor.com These States Have the Highest Property Taxes, but a Possible Loophole Offers Hope CNBC Dow slides 200 points, on track to snap longest monthly win streak since 1959 NPR Ben Carson And HUD Face Allegations Of Lavish Spending, Including $31,000 Furniture Calculated Risk Blog Earlier: Chicago PMI Declines in February, Still Solid CNBC US "aggressive debt issuance" may be what bursts the bond bubble, investor warns Reuters U.S. fourth-quarter GDP growth revised down to 2.5 percent Reuters Lowe's profit and margins miss lowest Wall Street estimate, shares tumble Bloomberg Bond Market Dj Vu? Here's What Will Reveal If Rout Has Legs Calculated Risk Blog Update: A few comments on the Seasonal Pattern for House Prices Bloomberg Powell's 'Continuity' Promise Foretells Still Slower Mortgage-Backed Securities Speeds CNN Wells Fargo accused of preying on black and Latino homebuyers in California Calculated Risk Blog Real House Prices and Price-to-Rent Ratio in December

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